Apple Releases Q1 2011 Financial Results
Apple has now released the first quarter financial results and it doesn’t come as a big surprise that they’ve made a boat load of money and sold an impressive number (to say the least) of iDevices and Macs. Here’s the quick breakdown: $26.74 billion in record revenue; 4.13 million Macs, 16.24 million iPhones, 19.45 million iPods and 7.33 million sold. Pretty astounding figures no doubt.
“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Steve Jobs, Apple’s CEO. “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can’t wait to get their hands on.”
“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about $22 billion and we expect diluted earnings per share of about $4.90.”
Apple will also be providing live streaming of its Q1 2011 financial results conference call, which you can listen to right here (it’s taking place right now, at 5pm EST).[Apple PR]